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Good idea to restore?

My dads old guitar 4x12 (What brand it is, nobody knows, but from the looks of it, it may be homemade) is 2 days from being thrown out. It has vintage Pyle drivers with the infamous aluminum dust caps. Unfortunately, the bottom rotted out, and 2 speakers are blown. I know Pyle doesn't have a very good reputation, but it put up with a 200 watt Marshall Major and lasted over 20 years of abuse, 2 different times it fell down a flight of cement stairs, and still sounded good untill I (as a 3 year old) tore holes in the 2 bottom speakers with a pen:scowl:. Is it worth bringing back from the dead, or is it just a pile if junk unless someone "picks" it from the garbage?
 
Eh, perhaps I didn't quite say enough, it is my dad's, and I ruined it when I was little, but he still kept it, but now it's rotted out (just the bottom piece, It's just a slab of 1" plywood, so a somewhat easy fix) and he has 2 other 4x12s, so he finds no use in keeping it, I was just wondering if it was worth keeping and restoring for my own purpose, or would it be cheaper to buy a new 4x12.
 

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